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Get your taxes done using TurboTax
Hi there! I never did receive any replies. I eventually sorted it out on my own. If I recall correctly, the issue was that the basis of the land was the same or more than the sales price that I had broken out for the land, so it wouldn't let me "sell" it "on contract" at a loss. Once I broke apart the land and residential portions of the sale property differently, it allowed me to proceed. Hope that helps! (And, I hope I'm remembering it correctly!)
‎April 18, 2023
8:42 AM